The Magician’s Memorial - Chapter 184



Only Krnovel

Episode 184 joint speech (3)

An emergency meeting was held at Taewoo IT’s office.

It was a meeting hosted by me, the vice president, and representatives of the Bitcoin project team and game companies that joined the game platform participated in the meeting.

“Everyone is busy, so I’m sorry for calling you out like this.”

[no! With the help of Taewoo Group, we succeeded in entering China, and we have to come whenever they call.]

[Thanks to entering China, sales have increased approximately 5 times!]

[Please look forward to the game being released this time.]

The game company representatives were all smiling.

In order for a Korean game company to enter China, it could only obtain approval through the Taewo Group, so it could be seen as a relationship between A and B.

However, this did not mean that A was tyrannical.

Because it has an exclusive position, it was structured so that it could steal a portion of its sales.

Since they were receiving lower commissions than other game distributors, there was no reason for game company representatives to dislike Taewo Group.

“It’s not the topic of today’s meeting, but I’m also curious about the status of smartphone-exclusive games. How are sales going well?”

[To be honest, sales are exceeding expectations. I even regret that if I had known this would happen, I should have paid a little more attention to making it.]

[Although sales are currently low compared to PC games, the outlook is very good as sales will increase as the spread of smartphones increases.]

Taewo Group also had a tight grip on iPhone-only games.

In this case, since the profits had to be shared with Apple, the commission was higher than for PC games.

From the game company’s perspective, they did not mind paying the commission because they could generate unexpected profits with a small investment.

If you regret it, you have no conscience.

I paid all the investment costs for the smartphone-only game, and even mobilized Taewo IT staff to create the game.

“Very good. “I just want you to know that the gaming platform is working to increase sales for all game companies that have signed up.”

[Of course I know! After joining the gaming platform, sales increased more than 5 times.]

[Other telecommunications companies are also making similar gaming platforms, but they have not paid any attention.]

[I want to grow with Taewoo Group forever.]

It was a very nice atmosphere.

Now that the atmosphere was sufficiently heated, it was time to get to the point.

“We created a new business model to increase sales. “We created a cryptocurrency that can be used by most games on the gaming platform.”

“When you say virtual currency, do you mean something like game money?”

“It’s similar, but it’s a different concept. Rather, it is a concept closer to a currency like the dollar.”

“So you’re saying you’re going to allow cash transactions? “It’s too dangerous.”

Cash transactions for items were not illegal in Korea.

The game company simply blocked cash transactions through its own regulations.

These were game company representatives pouring out reasons for doing so.

[The moment cash transactions become possible, the political world will define games as gambling and try to sanction them.]

[And the number of users using hackers or cheating programs is bound to increase.]

[There may be cases where you set up a workshop to make money in the game.]

[What’s wrong with trading cultural gift certificates like cash? Our game company also prohibits trading items through cultural gift certificates by regulation.]

Negative opinions poured in.

In fact, the combination of Bitcoin and games is not a system that provides much benefit to game companies right now.

Because it was a way to prove the practicality of Bitcoin and increase its value.

“It is significantly different from cultural gift certificates. Cultural gift certificates are essentially cash gift certificates, but in the case of virtual currency, they are not treated as cash. “There is no legal problem, and you can avoid being said to be promoting gambling.”

“Isn’t virtual currency ultimately something you have to buy and use with money?”

“You can purchase it with money, but you can also obtain it through mining. “The Bitcoin project team will provide a detailed explanation.”

I passed the baton to Team Leader Hal Finney.

He continued his explanation emphasizing the reliability and excellence of the Bitcoin created by his team.

He spoke passionately about mining methods, the benefits to game companies, and even the future of Bitcoin.

After over an hour of explanation time.

I went out again towards the game company representatives who were still confused.

“When Bitcoin is used, a certain amount goes back to the game company. “Bitcoin is worthless now, but over time, it may become a piece of gold.”

[I don’t know if it will become a gold nugget or a pile of trash in the future, but since the Vice President recommends it, we will introduce it into our game.]

[Please send only sufficient support personnel who can apply Bitcoin.]

These were the representatives of game companies who semi-forcibly accepted Bitcoin.

For the first time, a game company was forced to do something that could be called the tyranny of A.

They might have been disappointed in me, or they might have thought it was unfair.

But even after 10 years, those thoughts will disappear and you will feel grateful to me.

Bitcoin will make game company owners millionaires.

Don’t ask for more later.

***

A month has passed since Bitcoin was launched.

The planning office analyzed the Bitcoin situation with the help of Taewoo Securities, and the planning director brought in the results today.

“Bitcoin application has been completed in the gaming industry, Korean-style Facebook, and music streaming sites. But there aren’t that many users yet. “At least, since Bitcoin transactions are possible at Korea Exchange Bank, the number of users is increasing.”

“When the word ‘bank’ is added, trust tends to increase. “Right now, Bitcoin is unfamiliar and people are reluctant to use it, but once they get used to it, the number of users will increase significantly.”

Even before the regression, Bitcoin was not popular at the beginning of its launch.

It would take some time for someone to realize the value of Bitcoin.

But there was a high possibility that it wouldn’t take that long this time.

Because of my intervention, a system was created so that Bitcoin could be used in games, social media, etc.

“There is a need to divide Bitcoin holdings to increase trust. We launched Bitcoin with 30% of the total mining volume held by us. “It is difficult to increase trust in Bitcoin if we are suspected of being able to move the price of Bitcoin at will.”

“I am already thinking of handing over 10% to a fintech bank and a certain amount of Bitcoin to Apple, Google, Amazon, and Facebook.”

In order to increase trust, the participation of trustworthy companies was necessary.

The problem could be easily solved by handing over Bitcoin only to companies that I own or have a high stake in.

Even if you say you are transferring Bitcoin to another company.

Since I owned the shares of that company, it was just a matter of moving it from my left hand to my right hand.

“Is the reason for transferring bitcoin holdings to a foreign company to increase the number of foreign users?”

“There is a reason for that. Even if the entire population of Korea were to use it, it would only be 50 million people. However, if people in the United States also use it, usage can increase by at least six times. “If you add Europe and China, it increases dozens of times.”

The price of everything is determined by supply and demand.

If Bitcoin is only used in Korea, demand will be limited.

If released on the global market, demand would skyrocket.

“As the value of Bitcoin increases, professional mining operations may emerge.”

“The issue is being monitored by the Bitcoin project team. There is a limit to the amount that can be mined per day by one computer, and there is also a limit to the amount that can be mined per year. And don’t worry, we have also implemented a method to set a local lock.”

There was also a way to dramatically increase Bitcoin usage.

If celebrities were mobilized to promote Bitcoin, its value was bound to skyrocket.

But it wasn’t the time yet, and I planned to use that method only after letting it slowly seep in for at least a few years.

“ah! But aren’t politicians interested in Bitcoin?”

“No politician is talking about Bitcoin. No one is even talking about fintech issues applied to CocoaTalk. “The fallout from illegal presidential election funding is still encroaching on Yeouido.”

The political world was still busy fighting.

We were anxious to make each other’s mistakes worse.

Thanks to this, our project was able to proceed without interference or regulation.

“Thank goodness. And what happened to CES? “I was so busy that I wasn’t able to attend CES this year.”

“This year, there was no product that could be said to be the star. “At least the Matrix Phone released by Samjin Electronics attracted attention, and CL Electronics’ electronic products received many innovation awards.”

“CL Electronics had a lot of fun.”

“From window-type air conditioners to new design feature phones. “We received the most innovation awards among domestic companies.”

As expected, the saying that home appliances are made by CL Electronics did not come about for nothing.

CL Electronics had extraordinary accumulated technology and was investing heavily at the group level.

“CL Electronics’ market share will likely increase considerably.”

“CL Electronics is expected to rank first in the world’s share of home appliances in the first half of this year. On the other hand, Taewoo Electronics is likely to remain in third place.”

“The protagonist of the first half of the year will be handed over to CL Electronics. But things will change in the second half of the year.”

We threw away the first half from the beginning.

For heavy rain to fall, rain clouds had to gather.

The first half of this year was a time for Taewoo Electronics to accumulate strength.

***

Is it just my mood that spring gets shorter every year?

By June, the temperature in Seoul was well over 20 degrees.

I headed to the relatively cool city of San Francisco, USA.

This was because Apple’s product presentation, WWDC, was held at the Moscone Center in San Francisco.

“Are your preparations going well?”

“Why did you come now! “I couldn’t rehearse properly without you.”

“What do you mean by that? Am I going to be on stage?”

“Isn’t it obvious? So you really wanted me to do it all by myself? “Isn’t he too much of a thief?”

“That’s not true, but since I am not a researcher who developed the product myself, there are too many shortcomings.”

I met Steve at the event.

I greeted him very warmly, but Steve scolded me.

As if scolding someone who is late for an appointment.

But I really didn’t make any promises.

I flew to San Francisco without any thought that I would be on stage.

“The script is already prepared, so it won’t be that difficult. All you have to do is follow the route, so please follow me.”

“Do I really have to step forward? “There are many people better than me.”

“Is it going to come out like this? Then I won’t be on stage either!”

Was Steve always like this?

Seeing Steve threatening me, I had no choice but to go on stage and participate in the rehearsal.

Well, it wasn’t a bad situation.

For my future plans, I needed to make my name known along with Taewoo Group.